could attract even more hot money inflows, the People's Bank of China should focus on tightly stabilizing the yuan/ dollar …China has been provoked into speeding renminbi internationalization. But despite rapid growth in offshore financial … exchange rate to encourage naturally high wage increases for balancing China's international competitiveness. …

globalization,” built on two central premises: countries differ in their preferences over policies (such as the rule of law or …, tends to support globalization. However, the transition to a multipolar world can trigger fragmentation, which is …

We examine the impact of the last five decades of financial globalization on world GDP and income distribution, using a … pattern Unbalanced Financial Globalization. We then simulate a counterfactual trajectory of the world economy where the RKO … wedges are fixed at their pre-globalization levels. We find that unbalanced financial globalization led to a worsening of …

affected by disputes with China, and is different from the diffusion behaviours of the offshore US dollar, euro, British pound …

Modern globalization (which includes free flows of trade and factors of production across frontiers, stable rates of …